Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$140,017$140,017$215,100
Remaining term (yrs)29.629.630.0
Secondary amount$0$75,083$0
Funding fee$0$0$0
Note rate6.300%6.300%7.320%
Blended rate6.850%7.600%7.560%
1st payment$869.13$869.13$1,477.59
2nd payment$0.00$563.12$0.00
Taxes / mo$98.58$98.58$98.58
Insurance / mo$150.00$150.00$150.00
MI / mo$64.36$64.36$43.02
HOA / mo$0.00$0.00$0.00
Total monthly$1,182.07$1,745.19$1,769.19
Cash to close$98,983$23,900$23,900